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20121129
20121129
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million worth last year. this place north of boston is more like a lottery lounge. 15 kiosks, plenty of seating and some inspiration. >> this is our latest million dollar winner. >> reporter: this year alone, americans spent $61 billion on lottery are tickets. up 8.7% from 2011. where does all the money go? every state is different, but on average, 58 cents of every dollar goes to prizes. 33 cents are funneled back to state coffers. while most think lotteries fund education, 12 of 44 states use the money solely for that. back in tallahassee, the machines that hold our fate were locked up in a vault. as the sun set on the luckiest place in texas they kept coming. right up until sales stopped just an hour before the big drawing. >> take a look at tonight's numbers. >> reporter: when so many dreams were put to bed. i'm ryan owens in texas. >>> well, for the first time we are hearing from general david petraeus himself about his affair with paula broadwell. petraeus says his wife holly has not kicked him out despite the enormous difficulty he created for her by having the affair. he says
are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's actually a good thing because it's addressing something in our country that's gotten out of control. step back the last five years, september 2007, we crossed $9 trillion in debt. thousand we're at $16.2 trillion to $16.3 trillion four years later. five years later. deficits of 1.25 trillion for the last five years. so we have a problem in our country that really needs to be resolved. we've become addicted to stimulus really through deficit spending, through 0% interest rates. >> how are you investing around this? >> we're comfortable investing in corporate bonds. bond spreads have tightened, but investors still being paid on a reasonable basis. we have structured products like clos. >> do you care if we go over the cliff? >> it's a concern, but i think it's actually not that much of a concern to me, no. >> so it's okay? >> we look at the fundamentals of comp
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